Logistics Finance

 

The AbbVie Logistics (“VLOG”) Finance team operates in a fast-paced, cross-functional environment with global responsibilities.  With positions such as analyst, internal controls specialist, senior analyst, assistant controller, controller, and finance director, we provide constant development opportunities regardless of where you are in your career journey. We have strong relationships with our business partners around the world including our Headquarters team in Chicago, IL, USA.  Our business partners include Supply Chain Planning, Global Trade Compliance, Quality Assurance, Distribution & Logistics, Internal & External Manufacturing, Tax, Treasury, Internal & External Audit, and several other functions.  We support a diverse and growing portfolio of products especially considering our acquisition of Allergan in 2020

2020 Facts & Figures

  • Over 7,000 SKUs supported
  • 147 countries served
  • 18 currencies hedged
  • Highly diverse team with multiple languages spoken (English, Dutch, Portuguese, Russian, Arabic, Vietnamese, and Chinese)

 

Controls are always our #1 priority, but our vision is to go Beyond Controls.

Based on a robust and sustainable control platform, we will drive leadership empowerment at all levels by fostering knowledge sharing, automation, and a strategic mindset to enable proactive business partnership as a daily practice.”

Our Finance team has 25 people organized into 4 workstreams:

Inventory & Direct Cost – The Inventory team is responsible for inventory accounting and controls including reconciliations of the inventory at VLOG plants, distribution centers, and consigned inventory at third-party manufacturing sites.  The Direct Cost team is responsible for the annual costing of all materials purchased by VLOG.  They also investigate and report on variances vs. standard costs.

Trade Finance – The Trade Finance team is responsible for contract management and overseeing external customer sales ensuring supply to patients in more than 100 countries across the globe.  They also analyze the quality of our receivables and support our tender business.

Hedging & NPIs – The Hedging team is responsible for hedging foreign currency exposures to protect our P&L (Income Statement) from undesired FX (Foreign Exchange) volatility.  This team also reviews PFFs (Product Financial Flows) to support NPI (New Product Introduction) readiness.  This could be a new product launch or a change in an existing supply chain (i.e. a new supplier).

Consolidations & Governance – The Consolidations and Governance team is responsible for multiple activities including audit coordination, PTP process, and FP&A.  PTP stands for Procure to Pay which focuses on our indirect purchases (i.e. materials and services not used in the manufacturing process).  FP&A stands for Financial Planning & Analysis; they keep a close eye on our spend and communicate the monthly results to our Headquarters team in Chicago.

Get to know the team

Drew Mixon

The things you encounter here just don’t happen anywhere else in the company. When it comes to hedging, VLOG really is our global center of excellence.

Get to know Drew, read the interview